[Click eStock] "Duzon Bizon, Continued Growth in Sales and Profits from 'New Software and AI'"

Sangsangin Securities newly set the target price of Duzon Bizon at 80,000 won on the 18th. It is expected that sales growth will continue, supported by the new business efficiency software product Amaranth10 and the AI new business, which will be in full swing next year.

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Duzon Bizon recorded sales of 97 billion won and operating profit of 20.1 billion won in the third quarter of this year. Sales increased by 15% and operating profit increased by 29% compared to the same period last year. Analyst Kwon Oh-hwi of Sangsangin Securities analyzed, "Despite the slowdown in 'Lite ERP' sales growth, sales increased due to the transition to Amaranth10 within Standard ERP," adding, "Profitability also improved as outsourcing service costs decreased by productizing the integrated platform of ERP, groupware, and document management."

Analyst Kwon explained, "Duzon Bizon launched ‘One AI’, an integrated data-based work productivity enhancement tool, in June this year," and added, "The number of subscribed customers sharply increased from 200 in the second quarter to 1,000 in October, reaching up to 1% of the total maintenance customers." He forecasted, "Demand will increase due to work efficiency and utilization possibilities through One AI, and market share will rapidly expand due to the software lock-in effect."

He continued, "It is expected that the cumulative subscription rate of One AI will sufficiently reach 5% by next year," and analyzed, "Considering the minimum monthly fee structure of 250,000 won, a sales increase effect of about 3 billion won per quarter is expected."